CJAX
CoJax Oil and Gas Corporation3.5500
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
50.30MP/E (TTM)
-Basic EPS (TTM)
-0.13Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
CoJax Oil and Gas posted Q2 revenue of $233.6K, down 26.5% y/y from $318.0K amid softer crude prices at $59.41 per barrel versus $79.05, while YTD revenue climbed 14.4% y/y to $571.8K on production from May 2024 Liberty assets. Lease operating expenses rose 8.8% y/y to $126.4K, pushing operating loss to $203.8K from $74.4K; YTD, the loss narrowed 7.8% to $348.1K as G&A fell 8.8%. Net loss tracked operating at $204.1K for the quarter and $348.9K YTD, with diluted EPS of $(0.01) and $(0.02) aligning to 14.2M and 14.1M weighted shares. Cash grew to $63.5K on $21.8K operating inflows, less $5.0K debt paydown; total debt sits at $119.1K including a 1% SBA loan and 2% related-party notes maturing 2025. No capex meant free cash flow not disclosed in the 10-Q. Stock issuance settled $340K accrued salaries in April. Volatility in oil prices remains a key risk.
8-K
CoJax boosts reserves 776%
CoJax Oil and Gas released its investor presentation on July 21, 2025, highlighting a 776% year-over-year surge in proved reserves to 1.4 million barrels of oil equivalent, with 89% proved but undeveloped. The company forecasts over 900 barrels per day in new production from low-risk initiatives like artificial lift and overlooked zones, driving net revenue of $56.4 million over five years. Reserves grew explosively. Yet risks lurk in forward-looking assumptions.
10-Q
Q1 FY2025 results
CoJax Oil and Gas boosted revenues 85.8% year-over-year to $338,222 in Q1 FY2025 ended March 31, 2025, driven by higher production from the Buckley and Liberty assets, while lease operating expenses climbed 105.4% to $97,240 amid new acquisitions. This narrowed the operating loss to $144,323 from $303,408 last year, with gross margins improving as depletion and accretion rose 32.2% to $110,975. Cash swelled to $77,021, fueled by $32,796 in operating cash flow—positive for the first time—versus a $4,201 outflow in Q1 2024, though free cash flow isn't disclosed in the 10-Q. Total debt lingers at $121,583, including a low-rate SBA PPP loan. Production hit 4,340 barrels of oil equivalent, up from 2,986. Losses narrowed, but not yet profitable. Volatility in oil prices poses ongoing risks.
10-K
FY2024 results
CoJax Oil and Gas Corporation posted FY2024 revenues of $971,686, edging up 4.7% y/y from $927,983, fueled by mid-year acquisitions of non-operated Mississippi interests that boosted oil output to 14,220 Bbl from 12,664 Bbl annually. Yet Q4 momentum faltered amid softer oil prices at $71.38/Bbl versus $79.61/Bbl in 2023, with production costs climbing 43% to $25.05/BOE on integration expenses, yielding a net loss of $1.61 million—marginally better than 2023's $1.63 million. Acquisitions added 24 wells and 1,613 BOE reserves, lifting proved totals to 1,468 BOE, but impairments hit $923K on older assets. Cash dwindled to $47K, with $1.11M working capital deficit underscoring funding needs; no dividends or buybacks occurred. No 2025 guidance disclosed. Volatile oil prices threaten quarterly output.
CKX
CKX Lands, Inc.
9.67+0.08
COP
ConocoPhillips
90.77-3.59
EOG
EOG Resources, Inc.
101.78-4.15
EPM
Evolution Petroleum Corporation
3.76-0.08
MGY
Magnolia Oil & Gas Corporation
21.63-0.71
MUR
Murphy Oil Corporation
31.23-1.35
OXY
Occidental Petroleum Corporatio
38.92-1.27
REPX
Riley Exploration Permian, Inc.
25.34-1.22
USEG
U.S. Energy Corp.
0.94-0.01
WTI
W&T Offshore, Inc.
1.67+0.04